2100 N Wheeler St - Hospitality FOR SALE


Jasper, TX 75951
$3,300,000 USD
713-452-4200
2100 N Wheeler St, Jasper, TX for Sale
$3,300,000 USD
Hospitality - FOR SALE
1/12
null | 10.66% Cap Rate

2100 N Wheeler St
Jasper, TX 75951


HIGHLIGHTS

  • Jasper serves as the economic and healthcare hub of Southeast Texas, attracting steady business and leisure demand from surrounding counties.
  • Proximity to top employers like Jasper ISD, Christus Jasper Memorial Hospital, and regional industrial firms drives consistent lodging demand.
  • Minutes from Lake Sam Rayburn, a premier fishing and boating destination, supporting strong seasonal occupancy and event-driven stays.
  • Annual Butterfly Festival, Martin Dies Jr. State Park, and Maroon Ridge Event Venue contribute to year-round tourism and group business.
  • Jasper Airport Industrial Park and major timber industry players like Georgia-Pacific and WestRock fuel weekday corporate lodging needs.
  • Located along U.S. Highways 96, 190, and 69, the property benefits from year-round visibility and accessibility for regional travelers.

OVERVIEW

As the exclusive representative of the seller, Marcus & Millichap's Hospitality Division is pleased to present for sale to qualified investors the Super 8 By Wyndham Jasper TX (‘Hotel’ or ‘Property’) located in Jasper, Texas. The Wyndham Hotels & Resorts - branded Hotel is offered at $3,300,000 or $58,929 per key. The Super 8 By Wyndham Jasper TX is a two-story hotel with 57 rooms, located at 2100 North Wheeler Street in Jasper, Texas. The Hotel is situated along U.S. Highway 96 and maintains various common area amenities including a seasonal outdoor pool, breakfast area, fitness center, business center, coin laundry facility, vending machines, and meeting/event space. The hotel has a new exterior and the lobby has been recently renovated. Rooms with Kitchenettes total 30 rooms. The property also maintains a two-bedroom/one-bathroom on-site managers living quarters that includes a washer/dryer. The hotel boasts a strong RevPAR penetration index of 125 percent for the twelve months ending in July 2025, signaling robust competitive performance and attractive long-term value for potential buyers. The hotel is attractively priced at a Capitalization Rate of 10.66 percent, offering investors a compelling opportunity to acquire the asset at a conservative valuation with significant upside potential. Positioned in the heart of the Piney Woods region of East Texas, Jasper offers a compelling hospitality investment opportunity within a stable, rural market supported by regional demand drivers. While not part of a formal Metropolitan Statistical Area (MSA), Jasper functions as the economic and healthcare hub for surrounding counties, drawing consistent business and leisure traffic from across Southeast Texas and Western Louisiana. Its location along key regional routes, including U.S. Highways 96, 190, and 69, ensures reliable year-round visibility and accessibility. The city’s largest employers include Jasper Independent School District (2.0 miles) and Christus Southeast Texas–Jasper Memorial Hospital (2.7 miles), a regional specialty hospital that anchors the city's healthcare infrastructure and supports overnight stays for patients, family members, and traveling medical professionals. Additional key employers and businesses contributing to the local economy include Louisiana-Pacific Building Materials (6.1 miles), East Tex Construction (5.1 miles), Cruz Construction (5.1 miles), and Pioneer Electric of Texas (5.7 miles). Jasper also serves as a popular base for outdoor recreation, located just minutes from Lake Sam Rayburn—the largest reservoir entirely in Texas—which attracts hundreds of thousands of anglers, boaters, and nature tourists annually. The lake’s reputation as a premier bass fishing destination drives strong seasonal occupancy, particularly during tournaments and special events. Jasper, Texas, benefits from steady tourism-driven lodging demand thanks to its proximity to natural attractions such as Sam Rayburn Reservoir, Martin Dies Jr. State Park, and nearby national forests, which draw visitors year-round for fishing, boating, and outdoor recreation. Celebrated as the “Butterfly Capital of Texas,” the city hosts an annual Butterfly Festival each October to mark the monarch butterfly migration, adding to seasonal tourism activity. Economic growth is further supported by the Jasper Airport Industrial Park, a development of the Jasper Economic Development Corporation (JEDCO), which continues to attract new businesses and stimulate job creation. Jasper remains a key player in East Texas’ logging and timber industry, with major companies like Georgia-Pacific and WestRock operating in the area, contributing to the city’s economic stability and generating consistent weekday lodging demand from industry professionals and contractors. The nearby Maroon Ridge Event Venue (8.4 miles) offers space for weddings, corporate events, and private functions, further supporting local hospitality demand. Additionally, Jasper County-Bell Field (4.9 miles) provides recreational opportunities and community events that contribute to local visitation.

FOR SALE DETAILS

PRICE

$3,300,000 USD

PRICE/SF

$106 USD /SF

# OF ROOMS

56

PRICE/ROOM

$58,929 {currency}

CAP RATE

10.66%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Super 8 by Wyndham Jasper TX

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1995

PARKING SPACES

83

LAND DETAILS

LAND ACRES

3.6 AC

LAND SF

156,947 SF

ZONING

Commercial

APN/PARCEL ID

000147015400

ASK ABOUT THIS PROPERTY

Rajan PatelMarcus & MillichapMore Info
713-452-4200

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Rajan PatelMarcus & MillichapMore Info
713-452-4200

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.